VDD Consultancy: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VDD Consultancy
Largest movements
- Receivables within one year -€15,008
down €15,008 (-22.6%), from €66,305 to €51,298
of which Trade receivables: -€26,792
- Financial fixed assets -€13,589
down €13,589 (-38.6%), from €35,183 to €21,594
- Receivables after one year -€12,200
down €12,200 (-11.1%), from €110,069 to €97,869
- Deferred charges and accrued income -€4,829
down €4,829 (-41.0%), from €11,785 to €6,956
- Tangible fixed assets -€3,777
down €3,777 (-7.8%), from €48,609 to €44,832
of which Plant, machinery and equipment: -€4,723
- Other debts -€41,361
down €41,361 (-61.1%), from €67,713 to €26,351
- Short-term financial debts +€9,305
new in 2025: €9,305
- Debts after one year -€8,498
down €8,498 (-36.1%), from €23,555 to €15,057
- Reserves -€7,946
down €7,946 (-7.2%), from €111,063 to €103,116
- Tax, wage and social debts -€5,705
down €5,705 (-20.9%), from €27,279 to €21,573
of which Taxes: -€5,452
- Gross operating margin +€39,031
up €39,031 (+92.7%), from €42,122 to €81,152
- Financial charges -€36,410
down €36,410 (-66.4%), from €54,840 to €18,430
of which Non-recurring financial charges: -€35,803
- Taxes +€7,019
up €7,019 (+1,293%), from €543 to €7,563
- Depreciation -€2,919
down €2,919 (-15.7%), from €18,629 to €15,710
- Staff costs +€2,239
up €2,239 (+5.0%), from €44,792 to €47,032
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,246 | €237,102 | -€49,144 | -17.2% |
| Fixed assets | 21/28 | €90,802 | €72,635 | -€18,166 | -20.0% |
| Intangible fixed assets | 21 | €7,009 | €6,209 | -€800 | -11.4% |
| Tangible fixed assets | 22/27 | €48,609 | €44,832 | -€3,777 | -7.8% |
| Land and buildings | 22 | €2,468 | €2,384 | -€84 | -3.4% |
| Plant, machinery and equipment | 23 | €20,563 | €15,840 | -€4,723 | -23.0% |
| Furniture and vehicles | 24 | €12,981 | €13,371 | +€390 | +3.0% |
| Leasing and similar rights | 25 | €1,304 | - | -€1,304 | |
| Other tangible fixed assets | 26 | €11,294 | €13,237 | +€1,943 | +17.2% |
| Financial fixed assets | 28 | €35,183 | €21,594 | -€13,589 | -38.6% |
| Current assets | 29/58 | €195,444 | €164,466 | -€30,978 | -15.8% |
| Amounts receivable after more than one year | 29 | €110,069 | €97,869 | -€12,200 | -11.1% |
| Other amounts receivable | 291 | €110,069 | €97,869 | -€12,200 | -11.1% |
| Stocks and contracts in progress | 3 | €4,319 | €2,340 | -€1,979 | -45.8% |
| Stocks | 30/36 | €4,319 | €2,340 | -€1,979 | -45.8% |
| Amounts receivable within one year | 40/41 | €66,305 | €51,298 | -€15,008 | -22.6% |
| Trade receivables | 40 | €35,792 | €9,000 | -€26,792 | -74.9% |
| Other amounts receivable | 41 | €30,514 | €42,298 | +€11,784 | +38.6% |
| Cash at bank and in hand | 54/58 | €2,965 | €6,004 | +€3,039 | +102% |
| Deferred charges and accrued income | 490/1 | €11,785 | €6,956 | -€4,829 | -41.0% |
| Total equity and liabilities | 10/49 | €286,246 | €237,102 | -€49,144 | -17.2% |
| Equity | 10/15 | €123,463 | €115,516 | -€7,946 | -6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €111,063 | €103,116 | -€7,946 | -7.2% |
| Distributable reserves | 133 | €111,063 | €103,116 | -€7,946 | -7.2% |
| Amounts payable | 17/49 | €162,783 | €121,585 | -€41,198 | -25.3% |
| Amounts payable after more than one year | 17 | €23,555 | €15,057 | -€8,498 | -36.1% |
| Financial debts | 170/4 | €23,555 | €15,057 | -€8,498 | -36.1% |
| Amounts payable within one year | 42/48 | €137,446 | €104,574 | -€32,872 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €7,315 | €10,823 | +€3,508 | +48.0% |
| Financial debts | 43 | - | €9,305 | +€9,305 | |
| Credit institutions | 430/8 | - | €9,305 | +€9,305 | |
| Trade debts | 44 | €35,140 | €36,521 | +€1,382 | +3.9% |
| Suppliers | 440/4 | €35,140 | €36,521 | +€1,382 | +3.9% |
| Taxes, remuneration and social security | 45 | €27,279 | €21,573 | -€5,705 | -20.9% |
| Taxes | 450/3 | €25,027 | €19,576 | -€5,452 | -21.8% |
| Remuneration and social security | 454/9 | €2,251 | €1,997 | -€254 | -11.3% |
| Other amounts payable | 47/48 | €67,713 | €26,351 | -€41,361 | -61.1% |
| Accrued charges and deferred income | 492/3 | €1,782 | €1,954 | +€172 | +9.7% |
| Remuneration, social security and pensions | 62 | €44,792 | €47,032 | +€2,239 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,629 | €15,710 | -€2,919 | -15.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €89 | - | -€89 | |
| Other operating charges | 640/8 | €2,058 | €2,773 | +€714 | +34.7% |
| Non-recurring operating charges | 66A | - | €810 | +€810 | |
| Gross operating margin | 9900 | €42,122 | €81,152 | +€39,031 | +92.7% |
| Operating profit (loss) | 9901 | -€23,447 | €14,828 | +€38,276 | |
| Financial income | 75/76B | €1,689 | €3,218 | +€1,529 | +90.6% |
| Recurring financial income | 75 | €1,689 | €3,218 | +€1,529 | +90.6% |
| Financial charges | 65/66B | €54,840 | €18,430 | -€36,410 | -66.4% |
| Recurring financial charges | 65 | €5,448 | €4,841 | -€607 | -11.1% |
| Non-recurring financial charges | 66B | €49,392 | €13,589 | -€35,803 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | -€76,598 | -€384 | +€76,214 | +99.5% |
| Income taxes | 67/77 | €543 | €7,563 | +€7,019 | +1,293% |
| Profit (loss) for the period | 9904 | -€77,141 | -€7,946 | +€69,195 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,141 | -€7,946 | +€69,195 | +89.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.